Tuesday, September 7, 2010

Smith vs. Marx and Engels

Just a bit of my memo...

A key difference that I noticed between Smith and MnE seem to be that of an idealist vs. a realist. While smith suggests what could and should happen as a result of the division of labor, Marx seems to argue against Smith, reporting on actual events that prove Smith's assumptions wrong.

specialization in a job brings forth creativity in an individual to

Smith suggests that a specialized people make for a better country - assuming fair and deliberate trade and a well-governed society, whereas Marx implies that a division of class is the result of the division of labor - the fewer upper class capitalists get rich and exploit the greater mass of the poorer working class, which exemplifies an unjust society.

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